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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (3717)	4/1/1998 7:07:00 PM
From: Freedom Fighter	Respond to of 78525

Value Investor Workshop - Update - April 1, 1998 The April "Market View" for the Value Investor Workshop has just been posted. Please visit at: members.aol.com You can reach the Market View section from the left hand frame. Thank You Wayne Crimi

To: Ron Bower who wrote (3717)	4/2/1998 12:34:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78525

Ron: re not seeing what I see: Works both ways: maybe you seeing what I don't see. Some of these companies that I'm following aren't doing so well -g- UCR (announced a write off of $340M today). Stock is up on the news! (for now) WES (announced a charge due to their subsidiary losses)and div. cut. Stock at 16+ is down 3 points. UNMG a $5 stock reported big loss of $1+! Stock is down 1/16. And that's just the ones that have announced in the past few days. Paul.

To: Ron Bower who wrote (3717)	4/7/1998 7:02:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78525

Ron, Re: tech And in a sure sign the market is topping, I bought even more tech stocks. Today, I pulled the trigger on HWP at 60 3/4. That's normal. I also bought more DSWLF at 19. Also normal. But the abnormal is that I bought Ciena at 40. Geez, no way. An honest-to-goodness momentum tech stock. There are no value parameters that could describe it except its high returns and financials and hey a PE less than 30 isn't all bad -g-.This is in addition to my three small cap software stocks, BMC, TBR. Looking across tech, I see a lot of wasted stocks 33-60% off their highs with valuations that are approaching Earth. But the businesses aren't all bad. I'm trying to keep an open mind and not be locked into the Buffett-like never-invest-in-tech mentality. Just in case my actions indicate the market is indeed topping, I raised a ton of cash today by selling off every last drop of mutual funds. On another subject, anyone else here looking at Eagle Hardware (EAGL) and liking what they see? Mike